OPENAI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.50 per $10,000 · paid last 24h +0.015%

Price spread now: KuCoin against Gate+0.419%7-day average +0.241% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,095as in the Price arb table

costs, in and out, $10k−$1,11211.124% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.105%+$11 on $10k

Price spread, last 4 days (all we have)−0.453%−$45 · spread now +0.419%, 7d avg +0.241%

Together, before fees−0.348%−$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.178% dearer against Gate than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.241%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate OPENAI_USDT	1,619.4	0	get 0.0000% / 8h	6h 35m	$52.4M	$31.8M	50x
Short	KuCoin OPENAIUSDTM	1,626.2	0.0050	get 0.0050% / 8h	6h 35m	$377K	$68K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee KuCoinbpOrdersPrice spread, now +0.419%Rate

Funding earned: $10.5
Price spread: +0.419% → +0.241%: $17.81
Slippage, 4 orders: −$1,085.37
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,084.06
Costs to cover: 11.124%
Break-even: 729.7 days

Slippage from Gate: live order book, 3 min ago; KuCoin: live order book, 76 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 3 min ago	2.53 bp	10.9 bp −$11	352.8 bp −$3,528	doesn't fit	doesn't fit
Sell KuCoin live order book, 76 min ago	6.72 bp	505.0 bp −$505	doesn't fit	doesn't fit	doesn't fit

OPENAI on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit OPENAI_USDC-PERPETUAL	−0.0115%	1h	1,621.9	+0.156%	—	$3	5x	as long as short
QFEX OPENAI-USD	−0.0004%	1h	1,622.3	+0.182%	$1.2M	$411K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,708.5	+5.502%	$1.4M	$280K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,666.5	+2.909%	$764K	$204K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,650.3	+1.909%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDTlong	0.0000%	8h	1,619.4	long leg	$52.4M	$31.8M	50x
Bitget OPENAIUSDT	0.0000%	8h	1,623.8	+0.271%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,623	+0.224%	—	$2.5M	10x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,622.2	+0.171%	$79K	$216K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,622.3	+0.178%	$1.6M	$562K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International OPENAI-PERP-INTX	+0.0024%	1h	1,624.5	+0.313%	$222K	$155K	5x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,676	+3.495%	$2.6M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,622	+0.163%	$136K	$717K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,627.7	+0.512%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,622.4	+0.185%	$22.9M	$18.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,622.3	+0.180%	$13.0M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTMshort	+0.0050%	8h	1,626.2	+0.419%	$377K	$68K	20x
Variational Omni OPENAI	+0.0050%	8h	1,622	+0.164%	$2.6M	$759K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,624	+0.284%	$2K	$137K	10x	as long as short
BloFin OPENAI-USDT	+0.0059%	8h	1,629.3	+0.610%	$477K	$280K	20x	as long as short
Entropy io:OAI	+0.0077%	1h	1,669.5	+3.095%	$7.4M	$2.2M	6x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,621.6	+0.139%	—	—	10x	as long as short